Annual Cancellations Benchmark definition

Annual Cancellations Benchmark means for each Franchisee Year, each of the benchmarks specified in the Annual Cancellations Benchmark Table for that Franchisee Year provided that where a Franchisee Year is shorter than 13 Reporting Periods then the Annual Cancellations Benchmark for that Franchisee Year shall be as determined pursuant to paragraph 5.1(a) of Schedule 7.1 (Performance Benchmarks);

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Annual Cancellations Benchmark has the meaning given to it in paragraph 1.1 of Schedule 7.1 (Operational Performance);

Annual Cancellations Benchmark means, for each Performance Calculation Year, each of the benchmarks specified in the Annual Cancellations Benchmark Table for that Performance Calculation Year provided that where a Performance Calculation Year is shorter than 13 Reporting Periods then the Annual Cancellations Benchmark for that Performance Calculation Year shall be as determined pursuant to paragraph 5.1(a) of Schedule 7.1 (Performance Benchmarks);

Examples of Annual Cancellations Benchmark in a sentence

• So for example if prior to such exercise the Franchisee would have been entitled to receive a Cancellations Performance Sum of £100 for a particular level of performance against the Annual Cancellations Benchmark and after such exercise the Franchisee would only be entitled to receive a Cancellations Performance Sum of £50 for achieving the same level of performance, no adjustment shall be made to the Baseline Inputs to reflect this.

• For example if prior to such exercise the Franchisee would have been entitled to receive a Cancellations Performance Sum of one hundred pounds (£100) for a particular level of performance against the Annual Cancellations Benchmark and after such exercise the Franchisee would only be entitled to receive a Cancellations Performance Sum of fifty pounds (£50) for achieving the same level of performance, no adjustment shall be made to the Financial Model to reflect this.

• Where the Secretary of State exercises his right pursuant to this paragraph 1.11, the relevant Cancellations Benchmark Table, Annual Cancellations Benchmark Table, TOC Minute Delay Benchmark Table and/or Annual TOC Minute Delay Benchmark Table, shall be deemed to have been amended accordingly.

• So for example if prior to such exercise the Franchisee would have been entitled to receive a Cancellations Performance Sum of £100 for a particular level of performance against the Annual Cancellations Benchmark and after such exercise the Franchisee would only be entitled to receive a Cancellations Performance Sum of £50 for achieving the same level of performance, no adjustment shall be made to the Revised Inputs to reflect this.

More Definitions of Annual Cancellations Benchmark

Annual Cancellations Benchmark. “Annual Cancellations Benchmark Table”

Annual Cancellations Benchmark. “Annual Cancellations Benchmark Table” "Annual Cancellations Payment Table" “Annual Cap Performance Level” “Annual CaSL Target Performance Level”

Annual Cancellations Benchmark means for each ODP Year, each of the benchmarks specified in the Annual Cancellations Benchmark Table for that ODP Year provided that where a ODP Year is shorter than thirteen (13) Reporting Periods then the Annual Cancellations Benchmark for that ODP Year shall be as determined pursuant to paragraph 20.1(a) of Schedule 7.1 (Performance Benchmarks);